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Be informed about the Medications You Take.
The recent withdrawal of the prescription drugs Vioxx and Bextra have arthritis patients concerned about their health, lawyers busy with lawsuits, and Congress poring over thousands of pages of documents obtained from the manufacturer. The drugs,...

Structured Settlement or a One-Time Lump Sum Payment?
If you are involved with a legal decision, financial claim or insurance arrangement, the financing process to settle and resolve the claim can often take two forms. Either a one-time lump sum payment, or a long-term periodic series of deferred...

Structured Settlement Payments - The Who and The What
A structured settlement is a series of payments made over a period of time. People usually get them as a result of a lawsuit. For various reasons, people who receive these payments, sometimes wish to cash them out and get a lump sum payment. There...

Structured Settlements 101: How Structured Settlements Work
You have probably heard the term “Structured Settlement” on a television or print ad and wondered what it meant. After all, the term is not a part of our everyday lexicon. A structured settlement is a contract under which an insurance company...

What is a Structured Settlement
A Structured Settlement is an agreement between a personal injury victim ( a Plaintiff ) and an Insurance company ( the Defendant ) to compensate the Plaintiff by the defendant with long term periodic payments instead of a single cash lump sum....

 
Student Loans Can’t Be Swept Away Through Bankruptcy

Bankruptcy is in the news these days, as Congress has finally overhauled the Federal bankruptcy law after years of talking about it. The credit card companies, rightly or wrongly, have been pressuring members of Congress to tighten the bankruptcy statutes, saying that too many people were willfully spending money they couldn’t repay with the intention of avoiding paying the money back by filing for bankruptcy. That will soon change, and those with student loans may pay a heavy price.

Most everyone knows that consumers with problem debt who are unable to pay their debts may file for bankruptcy under Chapter 7 of the Federal bankruptcy code. This allows for the court to basically wipe away all of the debtor’s bills and allows them to start over. It’s not entirely free; the bankruptcy filing stays on the debtor’s credit report for the next ten years and may affect their ability to buy a home, borrow money or obtain employment. What many people fail to realize is that while installment loan debt or credit card debt can be wiped out through filing for bankruptcy, most student loans cannot. In fact, thanks to legislation enacted several years ago, most any loans acquired for education, including those issued by for-profit agencies, may not be eliminated through filing for bankruptcy.

What this means for those with


student loans is that they will need to be repaid. If bankruptcy is inevitable, those with outstanding student loans should contact their lenders and see if they can’t negotiate a repayment plan. Those with Federally funded student loans should contact their lender soon, as rates for student loans will go up on July 1, 2005. Now would be a good time to consolidate student loans, as the rates can be locked in for the long term. If these options are not viable, then holders of student loans should simply be aware that their lenders and their lenders’ loan collectors will be keeping in touch with them for the foreseeable future. Those with student loans and other financial problems should also be aware that Federal bankruptcy law will change in October, 2005, making it harder to file for bankruptcy. If you have problem debt, now would be a good time to consider meeting with a credit counselor.

About the Author

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and StructuredSettlementHelp.com, a site devoted to information regarding structured settlements.

 

National Structured Settlements Trade Association (NSSTA)
Provides structured settlements using periodic payments to resolve claims.
www.nssta.com
 
Structured Settlements
Setting up structured settlements for personal injury claims.
ilf.hartfordlife.com
 
Structured Settlements, Structured Annuity, Structured Settlement ...
Full-service plaintiff structured settlement firm since 1986, providing services and strategies for personal injury lawyers and clients during the ...
www.structuredsettlements.org
 
Structured Settlements | Annuity Purchasers
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Structured Settlement Cash for Structured Settlement Annuity ...
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www.annuitytransfers.com
 
EPS Structured Settlements Group: A Structured Settlements Company ...
EPS Settlements Group is located in Denver, Colorado and is a founder of the structured settlements industry.
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Mckellar :: Structured Settlements
News. ... Skip Intro Always >>
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The Structured Settlement - What You Need To Know
About two thirds of states have enacted laws which restict the sale of structured settlements, and tax-free structured settlements are also subject to ...
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Settlement Capital Corporation - sell structured settlements,sell ...
Direct purchaser of structured settlements and other annuities.
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John Hancock Insurance and Financial Services :: Explore Our ...
A structured settlements annuity provides injury victims or the victim's ... John Hancock Structured Settlements and Attorney Fee Annuities are just two ...
www.johnhancock.com
 
Structured Settlements - Prudential Financial
Your company may become liable to pay a settlement as the result of a legal proceeding. A Structured Settlement Annuity provides ongoing periodic payments ...
www.prudential.com
 
Finance - Structured-Settlements Ezine Articles
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
ezinearticles.com
 
Understanding Structured Settlements: A Novice's Guide to the ...
Learn what a Structured Settlement is in plain English. Find Structured Settlements company, payments, broker, annuity and loan info.
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structured settlements, personal injury, annuity, disability, accident
Structured Settlements allow income to be spread over time, which is safer ... Structured settlements are often ideal under the following circumstances: ...
www.structuredsettlementhelp.com
 
Structured settlement - Wikipedia, the free encyclopedia
Structured settlements were first utilized in Canada and the United States ... Structured settlements are now part of the statutory tort law of several ...
en.wikipedia.org
 
Structured Settlement vs. Lump sum - What to do?
More and more claimants are choosing structured settlements. ... Most structured settlements come in the form of an annuity, which is sold by a third party, ...
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Welcome to The Halpern Group, experts in structured settlements ...
Offers structured settlements, consulting and negotiation services to attorneys representing injured clients.
www.halperngroup.com
 
Structured Settlements Leader J.G. Wentworth, JG Wentworth ...
Structured Settlements Leader JG Wentworth, JG Wentworth Settlement Funding - More than 25000 individuals have come to JG Wentworth to finance their dreams ...
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DOG BITE LAW - Structured Settlements
For those reasons, changes were made to the Internal Revenue Code that enable knowledgeable attorneys to create "structured settlements." ...
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Structured Settlements Law – Lawyers, Attorneys & Free Legal ...
I am confused by the number of internet sites that plug offers of structured settlements, sale of structured settlement annuities, and attorneys who offer ...
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